90th General Assembly
Summary of HB2384
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House Sponsors:

Short description: 
SURS-GROUP INSURANCE COST                                                  

Synopsis of Bill as introduced:
        Amends the State Employees Group Insurance Act of  1971  and  the      
   Illinois  Pension  Code.   Allows  certain  participants  in the State      
   Universities Retirement System to elect to forgo  certain  changes  in      
   the  retirement  annuity  formula made by Public Act 90-65 and thereby      
   avoid the additional cost of group health insurance imposed under that      
   Public Act.  Also eliminates the additional insurance cost for certain      
   survivors.   Eliminates  provisions  relating  to  "new  SURS  retired      
   employees".  Also makes technical corrections.  Effective immediately.      
          PENSION NOTE                                                         
          Unfunded liabilities and annual costs may be reduced very            
          slightly; retiree premiums would increase.                           
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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